Loans

In this blog, we will talk about the top 7 mistakes you must avoid during your loan application process.

Borrowing patterns last year are also poised to influence habits in 2025, with Gen Z increasingly using lending solutions such as mPokket, Slice, and the like.

In this article, we'll guide you through the steps of applying for a personal loan online, discuss its benefits, and share useful tips to ensure a smooth application process.

While the loan coverage is capped at INR 100 crore, the total project cost can exceed this amount, provided at least 75 per cent is allocated for equipment and machinery.

Customers only need to provide their PAN and approve the use of GST data to receive loan approval in as little as 15 to 45 minutes.

Experian India, the regional arm of the global business services company has recently come up with a white paper called "Small is BIG: How Fintechs are Revolutionising Lending", highlighting the rapidly growing roles of fintech in providing small-ticket loans to the previously underserved segments in the country.

The investment is aimed at financing business growth and also results in the two parties now entering an agreement where Arpwood enjoys a majority stake at Sitara.

The Mumbai-based lending startup provides various loan types, such as personal, business, and medical loans.

As per the company, the funding will be strategically used to recruit key personnel for product development and to establish beneficial partnerships

According to the report, the Mukesh Ambani-led conglomerate plans to use the country's dedicated external commercial borrowing route to secure the loan

The report added that quarter-on-quarter, the GLP grew by 8.6% from INR 3.20 lakh crore as of the December quarter in the last fiscal, with the growth in volume and value of loans disbursed

The report also claimed that more than INR 1600 crore of the amount was granted to Adani Group through SBI's overseas units

Eduvanz is a digital Fintech NBFC helping learners discover and finance their learning and career goals with fast, convenient, and affordable no cost financing solutions

The fund will be used to extend the finance to the company's SME customers that enable them to gain quick and easy access to rooftop and ground-mounted solar systems

The branch will leverage the large presence of SBI in market by bringing synergy among all entities and various departments of the bank to offer one-stop solution to these corporates and startups

The fund raised will be allocated for technology development and the growth of the loan book

The new guidelines will be applicable to all the financial institutions that extend digital loans

The fund raised will be utilized for completing the company's platform as a service transformation, strengthening sales and marketing, and building a delivery excellence framework

A lot is to be done yet as women entrepreneurs in India are neither considered comparable nor encouraged to be in the majority

The funds will be used to grow the loan book, invest in technology, expand geographically and further the vision of enabling financial inclusion at scale

This includes the account opening journey, loan and cards, covering both individual or MSME customers and existing and new-to-bank customers